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Focus Media Shares Jumped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Focus Media (NYSE: FMCN  ) , which operates digital advertising displays in China, rose more than 10% in early trading on below-average volume after the head Hong Kong's Macquarie Capital, Jiong Shao, waxed bullish on the stock in a Bloomberg TV interview.

So what: Focus Media was just one of Shao's picks during the interview, which keyed off disappointing financial results reported by Chinese Internet conglomerate Tencent Holdings yesterday. He also expressed positive views of SINA (Nasdaq: SINA  ) and Qihoo 360 Technology (Nasdaq: QIHU  ) while panning Renren (NYSE: RENN  ) , which he called a "sell."

Now what: Interestingly, the plug didn't hold for long. Traders sold off the rally, and shares of Focus Media closed down close to 3% on an otherwise up day for the Dow Jones Industrial Average (INDEX: ^DJI  ) . Do you believe that's fair? Would you buy shares of Focus Media at current prices? Please weigh in using the comments box below.

Interested in more information about Focus Media? Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

Motley Fool newsletter services have recommended buying shares of SINA. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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Tim Beyers
TMFMileHigh

Tim Beyers first began writing for the Fool in 2003. Today, he's an analyst for Motley Fool Rule Breakers and Motley Fool Supernova. At Fool.com, he covers disruptive ideas in technology and entertainment, though you'll most often find him writing and talking about the business of comics. Find him online at timbeyers.me or send email to tbeyers@fool.com. For more insights, follow Tim on Google+ and Twitter.

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Related Tickers

7/6/2015 4:36 PM
^DJI $17683.58 Down -46.53 -0.26%
DOW JONES INDUSTRI… CAPS Rating: No stars
RENN $3.71 Down -0.09 -2.37%
Renren Inc. CAPS Rating: *
SINA $46.68 Down -5.89 -11.20%
Sina CAPS Rating: ***

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